The largest local trading house in Indonesia informed SSESSMENTS.COM that most converters in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) have been preparing to shut production due to large-scale social restriction in Jakarta. This week, offers for local and localized Southeast Asian PE, PP cargoes dropped significantly. Offers for HDPE Film and HDPE Blow Moulding decreased by IDR900,000/ton ($55/ton) and IDR600,000/ton ($37/ton), respectively. However, the trader is willing to sell HDPE Film cargoes at IDR13,400,000/ton ($827/ton) the lowest considering the slow market. While for HDPE Injection, notable adjustment recorded with a total reduction of IDR1,000,000/ton ($62/ton). Likewise, offers for LLDPE Film C4 cargoes declined by IDR500,000/ton ($31/ton). Meanwhile, offers for localized Malaysian LDPE Film remain unchanged. All changes on a weekly comparison
As for PP, offers for local and localized Southeast Asian PP Homo Raffia and PP Homo Injection decreased by IDR700,000/ton ($43/ton). While for PP Homo Film cargoes, the offers dropped by IDR1,000,000/ton ($62/ton). All on a weekly comparison. In the import market, PP Homo Raffia cargoes from the leading Malaysian polyolefins producer are available at $800/ton on LC at sight, CIF Indonesia Main Port basis. The trader opined to SSESSMENTS.COM that the current market condition would persist. As such, the trader is not interested to take any cargoes at the moment.
Local/localized PE, PP offers on cash, FD Indonesia basis (excluding 10% VAT in all terms)
| Origin | Product | Transaction Type | Offers (IDR/ton) | Equivalent in USD/ton |
|---|
| Indonesia | HDPE Blow Moulding | Offer Given | 14,000,000 | 864 |
| Southeast Asia | HDPE Blow Moulding | Offer Given | 14,000,000 | 864 |
| Indonesia | HDPE Film | Offer Given | 13,700,000 | 845 |
| Southeast Asia | HDPE Film | Offer Given | 13,700,000 | 845 |
| Indonesia | HDPE Injection | Offer Given | 14,200,000 | 876 |
| Southeast Asia | HDPE Injection | Offer Given | 14,200,000 | 876 |
| Malaysia | LDPE Film | Offer Given | 16,200,000 | 999 |
| Indonesia | LLDPE Film C4 | Offer Given | 13,200,000 | 814 |
| Southeast Asia | LLDPE Film C4 | Offer Given | 13,200,000 | 814 |
| Indonesia | PP Homo Film | Offer Given | 14,300,000 | 882 |
| Southeast Asia | PP Homo Film | Offer Given | 14,300,000 | 882 |
| Indonesia | PP Homo Injection | Offer Given | 14,000,000 | 864 |
| Southeast Asia | PP Homo Injection | Offer Given | 14,000,000 | 864 |
| Indonesia | PP Homo Raffia | Offer Given | 14,000,000 | 864 |
| Southeast Asia | PP Homo Raffia | Offer Given | 14,000,000 | 864 |
Import PP offers on LC at sight, CIF Indonesia Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| Malaysia | PP Homo Raffia | Offer Received | 800 |
Tags: Asia Pacific,English,Indonesia,News,PE,PP,SEA
Published on April 9, 2020 5:47 PM (GMT+8)
Last Updated on April 9, 2020 8:07 PM (GMT+8)
